PEP · 10-Q · 2026Q3 · Full report

International Revenue Concentration

PEPSICO INC · 2026-10-08 · Importance 44 · Surprise 24

For the 36 weeks ended September 5, 2026, operations outside the United States generated 45% of consolidated net revenue; Mexico, Russia, Canada, China, the United Kingdom, Brazil and South Africa collectively represented 25%. Russia contributed 6% of consolidated net revenue for the 12 weeks and 5% for the 36 weeks ended September 5, 2026, and represented 5% of consolidated assets, 20% of cash and cash equivalents, and 42% of accumulated currency translation adjustment loss at that date. PepsiCo cites currency controls, sanctions, export controls and restrictions on fund transfers, alongside volatile political and geopolitical conditions, as continuing to affect some international operations. Favorable foreign exchange contributed 2 percentage points to 36-week net revenue performance, primarily from the Mexican peso and Russian ruble, partly offset by the Turkish lira; the company warns that unoffset currency declines against the U.S. dollar could adversely affect future results.

Key facts

• As of September 5, 2026, Russia accounted for 5% of PepsiCo's consolidated assets, including 20% of consolidated cash and cash equivalents, and 42% of accumulated currency translation adjustment loss. source
• PepsiCo's Russia operations accounted for 6% and 5% of consolidated net revenue for the 12 and 36 weeks ended September 5, 2026, respectively. source
• For the 36 weeks ended September 5, 2026, operations outside the United States generated 45% of PepsiCo's consolidated net revenue; Mexico, Russia, Canada, China, the United Kingdom, Brazil and South Africa collectively accounted for 25%. source